FORM OF UNDERWRITING AGREEMENT Dated [ ], [ ] REPÚBLICA ORIENTAL DEL URUGUAY, acting through the Ministry of Finance AND UNDERWRITING AGREEMENT [Title of Securities]Underwriting Agreement • May 3rd, 2007 • Uruguay Republic Of • Foreign governments • New York
Prospectus Directive, except that an offer to the public in that Relevant Member State of any Bonds may be made at any time under the following exemptions under the Prospectus Directive:
LETTERHEAD OF NIB]Nordic Investment Bank • April 18th, 2007 • Foreign governments
As a Senior Legal Officer of Nordic Investment Bank (“NIB”), I have examined and I am familiar with the provisions of the Agreement Regarding the Establishment of NIB (the “Establishment Agreement”) which was signed on December 4, 1975, by Denmark, Finland, Iceland, Norway and Sweden (the “Nordic Countries”), pursuant to which NIB was established, the Agreement dated October 23, 1998, among the Nordic Countries (the “1998 Agreement”), which came into force on July 18, 1999, and which superseded the Establishing Agreement, the new Agreement on the Nordic Investment Bank (the “2004 Agreement”), which came into force on January 1, 2005 among Denmark, Estonia, Finland, Iceland, Latvia, Lithuania, Norway and Sweden (the “Member Countries”), which superseded the 1998 Agreement and the Statutes of NIB, as amended to the date hereof (the “Statutes” ). As Senior Counsel of Nordic Investment Bank, I have also examined copies of such documents as I have deemed necessary with respect to the entry
